Monday, July 28, 2014

Simplified Underwriting — Modified Underwriting — Full Underwriting

Degrees of scrutiny in the underwriting of a Life Insurance Application can vary widely...

...and now you can choose.  Choices range from Simplified, to Modified to Full Underwriting.  Two of our carriers are offering alternatives for cases ranging from $5,000 to $250,000 face amounts.  Advantages of the Simplified or Modified approaches include:  No Medical Exams, No Blood, No Labs or Urine, and Faster Turnaround Times.  Trade-offs for opting for Simplified or Modified include:  higher premiums and the unavailability of Preferred Rate Classes.

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